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Demand Increases
A rise in the quantity of a product or service that consumers are willing and able to purchase at various prices, often leading to adjustments in production or pricing strategies.
Smoothing Constants
Parameters used in exponential smoothing methods for forecasting that determine the weight of historical data in making predictions.
Naive Forecast
A forecasting technique that assumes future values will be the same as past values, often used as a baseline for more complex models.
Time-series Data
Data points collected or recorded at successive points in time, often used to analyze trends, cycles, or patterns.
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